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658 Lillian Way

Updated Dec 4, 2024

Xu Wu & Chee Tao Tsui Acquire Development Site In Los Angeles For $1.55M
SOLDDevelopment Site

Xu Wu & Chee Tao Tsui Acquire Development Site In Los Angeles For $1.55M

658 Lillian Way

$1,550,000

$742/SF

Building Size

2,088 SF

Asset Type

Development Site

Closing

Nov 2, 2023

About this deal

AI

Located at 658 Lillian Way in Los Angeles, this development site has been sold in a recent transaction. The property spans 2,088 square feet and was sold for a total price of $1,550,000, resulting in a price per square foot of $742.

Summary of transaction details

The successful transaction was facilitated by the buyer, Xu Wu, and Chee Tao Tsui, who acquired the development site from the seller, Ann Gasbarri. The seller was represented by Martin Agnew, Ryan Serling, and Joshua Yaris from the Agnew | Serling Group at Marcus & Millichap. With a prime location in Los Angeles, this development site presents enticing opportunities for future development.

Players

Martin Agnew

Marcus & Millichap

Broker

$458.1M

vol

128 deals

Broker

Los Angeles Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $742 per square foot on a published $1.6M for 2,088 square feet (2023).

Visit Ryan Rothstein-Serling to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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